Morning Calls & Comments (11/16)
Corn: 6 to 8 cents lower.
Soybeans: 14 to 16 cents lower.
Wheat: 16 to 22 cents lower.
Cattle: Steady-weaker
Hogs: Steady-mixed
SRW wheat futures fell for the first time in four sessions and corn and soybeans also dropped overnight on growing confidence a deal allowing Ukrainian grain exports will be extended. The war escalation concerns that fueled late buying in grain and soy markets on Tuesday also eased. Malaysian palm oil futures fell a third consecutive session on demand concerns, while front-month crude oil was down more than $1. U.S. stock index futures signal a mixed open, while the U.S. dollar index is down around 100 points this morning.
